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GDPR- A Year To Go: Huge Opportunity For Both Consumers and Financial Institutions
Gé Drossaert, Group Chief Commercial Officer (CCO) and Member of the Board at Fidor said:
“For consumers, the EU General Data Protection Regulation (GDPR) affords them a number of additional protections regarding their data and really gives them a say in how this data is managed and used. Meanwhile, for financial institutions, with GDPR they face a regulatory landscape which is more complex and which ultimately increases their costs as they try to get ready before May 2018. However, crucially, GDPR also creates a significant opportunity for banks to become more transparent in their business practices, which can only enhance the trust levels with their customers.”
“From Fidor’s perspective, we’re in quite a good position as we can work with Fidor Bank to make sure that we are fully compliant. The importance of compliance can’t be overstated, this is because data security and protection are part of our value promise to our banking and software clients.”
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Asset managers will find it easier to unlock the benefits of fund tokenisation, following the publication of new guidance by the FCA
Navigating the Evolution of Private Student Financing for Higher Education
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
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